GREATLife Endowment Insurance II

You can choose to pay your premiums monthly or annually, over 5 years, 10 years, or 15 years.

For the 5-year premium payment term option, you can choose to pre-pay in advance in one lump sum, in exchange for a discount.

Yes, you can. However, if the life insured passes away due to a pre-existing condition within 12 months from the date the policy was issued, the policy will be void and all the premiums paid (less any debt and bonus paid under the policy) will be refunded. Payment of Terminal Illness (TI) benefit or Total and Permanent Disability (TPD) benefit will not be made if the life insured has pre-existing TI or pre-existing TPD, or pre-existing conditions that lead to a TI or TPD event within 12 months from the date the policy was issued.

Yes, provided there is value in your policy. Note that if you make a withdrawal, it will reduce the value of your policy. Partial withdrawal is only allowed for prepaid policies after the 5-year premium payment term.

Important notice

The illustrated return of 3.44% a year is based on entry age of 25, retirement age of 65, annual premium of $8,000, premium payment term of 10 years and an illustrated investment rate of return of the participating fund at 4.25% a year. At 3.00% illustrated investment rate of return a year, the return will be 2.30% a year.

GREATLife Endowment Insurance II is provided by The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. This plan is not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it.

This document does not take into account your particular investment and protection aims, financial situation or needs. You may want to seek advice from a financial adviser before committing to buy the product. If you choose not to seek advice from a financial adviser, you should consider whether the product is suitable for you.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.

This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product.

We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information presented as at 1 July 2021.

Policy Owners’ Protection Scheme

This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).